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Oct 28, 2012
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what about chrysler isn't tt a foreign car? >> of course we would be buying. >> is chrysler a foreign car company its owned by fiat. >> all of the companies are world car companies. we are a global economy. the issue is should government guarantee it. yes. in the case ofuarantee. look what happened in wall street. the private sector didn't save bear sterns or fannie mae or freddie mac. the government had to step in . fannie mae and freddie mac were government guaranteed. >> can we focus here? we have to save the american companies to keep them american and now chrysler is owned by fiat. >> the president had his own problem with reality. i am not for balldentities or guarantee. instead of things done for economic purposes they are done for politica purpose. look how tax paters are hose the stock is down and equities in general are up. and there is a myth if gm shut down and never open all of the jobs would have lost. capitol in gm , be reallocate many other jobs would be created in the economy. they weaken automakerings. out of
what about chrysler isn't tt a foreign car? >> of course we would be buying. >> is chrysler a foreign car company its owned by fiat. >> all of the companies are world car companies. we are a global economy. the issue is should government guarantee it. yes. in the case ofuarantee. look what happened in wall street. the private sector didn't save bear sterns or fannie mae or freddie mac. the government had to step in . fannie mae and freddie mac were government guaranteed....
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Oct 28, 2012
10/12
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initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the u.s. economy but also because of the timely and intelligent actions of the fed and the obama administration. the next president will reap the rewards of work already done. so it would be the ultimate irony if having strongly criticized every measure that contributed to these positive trends mitt romney ends up presiding over what she would surely call the romney recovery. for more on this, go to cnn/fareed for a link to my "washington post" column. and let's get started. ♪ >>> let's get straight to our terrific panel to talk about the economy and obviously a little politics, as well. joe klein is "time
initially opposed the auto bailout reversed itself because of the manner in which general motors and chrysler were forced by the government to cut costs and become competitive. now all these good signs in the economy come with caveats. europe continues to weaken. the fiscal cliff looms ominously. but compared with the rest of the industrialized world and with the arc of other post-bubble recoveries, the united states is ready for a robust revival. this is partly because of the dynamism of the...
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Oct 28, 2012
10/12
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also, ford, chrysler owned fiat. on tuesday, the kay schiller index will report on home prices and on thursday, we get the auto sales numbers for october and on friday, the highly anticipated jobs number will be released. unemployment stands at 7.8% and finally, following security breaches on sites like linkedin -- leased its annual list of the most common worst passwords accord to the hackers wolf gotten them in the past. the top five contain the most sophisticated password as password and 123456. monkey, trust no one, ashley and jesus. if any of these are your passwords, i hope i don't have to tell you what to do right now. next week, the last big push before november 6th when america goes to the polling place to vote. keep it here, where wall street meets main street. have a great weekend, everybody. i'll see you again next weekend.
also, ford, chrysler owned fiat. on tuesday, the kay schiller index will report on home prices and on thursday, we get the auto sales numbers for october and on friday, the highly anticipated jobs number will be released. unemployment stands at 7.8% and finally, following security breaches on sites like linkedin -- leased its annual list of the most common worst passwords accord to the hackers wolf gotten them in the past. the top five contain the most sophisticated password as password and...
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Oct 28, 2012
10/12
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it's hard to imagine these new jobs without chrysler and chrysler without the auto rescue. but because the new vehicles, these workers will be making our suvs, so while the comeback is good in the short term, it's only good on for all of us in the long time if the industry goes through a revolution that dramatically increases the efficiency and reduces the emissions of the cars it produces. want to find out what my guests think you should know for the coming week -- >> i think one of the things that a we've been discussing has been there's more drips out of the benghazi situation. there was a cia annex he is that asked for military intervention and were denied three times. unclear whether it was the pentagon, the president. who those. but i think we'll see more drips from that next week and that will continue to hit the headlines. >> we've covered benghazi quite a bit and i'm at the point where i thought i knew i then turned out not to know so have been taking things very cautiously because there was a lot of rushing, oh, it was about the movie, it wasn't about the movie, a
it's hard to imagine these new jobs without chrysler and chrysler without the auto rescue. but because the new vehicles, these workers will be making our suvs, so while the comeback is good in the short term, it's only good on for all of us in the long time if the industry goes through a revolution that dramatically increases the efficiency and reduces the emissions of the cars it produces. want to find out what my guests think you should know for the coming week -- >> i think one of the...
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Oct 28, 2012
10/12
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FBC
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here is a relationship with the automotive company a tax-free zone in china which means they can -- chrysler could set up shop. basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of th company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no wway in hell. that's what's happening. >> it's a classic example. with all due respect, president obamai obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to ru
here is a relationship with the automotive company a tax-free zone in china which means they can -- chrysler could set up shop. basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of th company's who we were told, you get this money, save...